Bitwise Launches Crypto ETP Tracking Fast-Growing Challenger Lighter
Bitwise has launched its first Crypto ETP (exchange-traded product) tracking Lighter, a fast-growing challenger to Hyperliquid. The new ETP provides exposure to LIT, the native token of Lighter, with the potential for staking rewards.
Lighter is an online trading platform built on blockchain technology that allows users to trade crypto and real-world asset derivatives directly on-chain, without a traditional broker or exchange holding their money. The platform has added the ability to track major global stocks as continuously-tradable perpetual futures contracts, with trading available across most of the week.
Bitwise Managing Director and Head of Europe Bradley Duke stated that 'The Bitwise Lighter Staking ETP extends our European staking suite into a platform that is helping bring traditional assets like US stocks onto blockchain infrastructure, alongside crypto.'